Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) Sees Large Decrease in Short Interest

Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 3,771 shares, a decline of 67.8% from the September 15th total of 11,701 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 14,927 shares, the days-to-cover ratio is currently 0.3 days.

Infinite Eagle Acquisition Stock Down 0.8%

Shares of NASDAQ:IEAG traded down $0.08 during midday trading on Tuesday, hitting $10.08. The company had a trading volume of 246,022 shares, compared to its average volume of 95,666. Infinite Eagle Acquisition has a 12 month low of $9.97 and a 12 month high of $10.30. The firm has a fifty day simple moving average of $10.22 and a 200 day simple moving average of $10.13.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Infinite Eagle Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Infinite Eagle Acquisition Company Profile

Infinite Eagle Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol IEAG. The company was established to identify and complete a business combination with one or more operating companies.

Rather than selling products or providing services, Infinite Eagle Acquisition Corp. seeks to raise capital and use it for a merger, acquisition, share exchange, or similar transaction. Until such a transaction is completed, its activities are generally focused on evaluating potential targets and managing its corporate structure and available funds.

Publicly available information about the company’s target industry, geographic focus, operating activities, and leadership is limited.